PROTIGNIS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROTIGNIS
Largest movements
- Tangible fixed assets -€8,000
down €8,000 (-24.7%), from €32,415 to €24,415
- Cash +€3,403
new in 2025: €3,403
mainly Other debts (+€13,839) and Depreciation (+€8,000)
- Receivables within one year -€3,385
down €3,385 (-73.0%), from €4,635 to €1,250
- Profit (loss) carried forward -€21,591
down €21,591 (-351.7%), from -€6,138 to -€27,729
- Other debts +€13,839
up €13,839 (+41.8%), from €33,148 to €46,987
- Short-term financial debts -€1,974
no longer reported in 2025 (was €1,974)
- Tax, wage and social debts +€1,052
up €1,052 (+85.9%), from €1,225 to €2,277
- Trade debts +€690
up €690 (+16.0%), from €4,317 to €5,007
- Gross operating margin -€13,109
down €13,109, from €1,869 to -€11,240
- Financial charges +€1,535
up €1,535 (+2764.9%), from €56 to €1,591
- Other operating charges +€428
up €428 (+638.4%), from €67 to €495
- Depreciation +€415
up €415 (+5.5%), from €7,585 to €8,000
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,524 | €30,542 | -€7,982 | -20.7% |
| Formation expenses | 20 | €1,474 | €1,474 | = | 0.0% |
| Fixed assets | 21/28 | €32,415 | €24,415 | -€8,000 | -24.7% |
| Tangible fixed assets | 22/27 | €32,415 | €24,415 | -€8,000 | -24.7% |
| Furniture and vehicles | 24 | €32,415 | €24,415 | -€8,000 | -24.7% |
| Current assets | 29/58 | €4,635 | €4,653 | +€18 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,635 | €1,250 | -€3,385 | -73.0% |
| Trade receivables | 40 | €4,635 | €1,250 | -€3,385 | -73.0% |
| Cash at bank and in hand | 54/58 | - | €3,403 | +€3,403 | |
| Total equity and liabilities | 10/49 | €38,524 | €30,542 | -€7,982 | -20.7% |
| Equity | 10/15 | -€2,138 | -€23,729 | -€21,591 | -1009.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,138 | -€27,729 | -€21,591 | -351.7% |
| Amounts payable | 17/49 | €40,663 | €54,271 | +€13,608 | +33.5% |
| Amounts payable within one year | 42/48 | €40,663 | €54,271 | +€13,608 | +33.5% |
| Financial debts | 43 | €1,974 | - | -€1,974 | |
| Credit institutions | 430/8 | €1,974 | - | -€1,974 | |
| Trade debts | 44 | €4,317 | €5,007 | +€690 | +16.0% |
| Suppliers | 440/4 | €4,317 | €5,007 | +€690 | +16.0% |
| Taxes, remuneration and social security | 45 | €1,225 | €2,277 | +€1,052 | +85.9% |
| Taxes | 450/3 | €1,225 | €2,277 | +€1,052 | +85.9% |
| Other amounts payable | 47/48 | €33,148 | €46,987 | +€13,839 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,585 | €8,000 | +€415 | +5.5% |
| Other operating charges | 640/8 | €67 | €495 | +€428 | +638.4% |
| Gross operating margin | 9900 | €1,869 | -€11,240 | -€13,109 | |
| Operating profit (loss) | 9901 | -€5,783 | -€19,736 | -€13,953 | -241.3% |
| Financial charges | 65/66B | €56 | €1,591 | +€1,535 | +2764.9% |
| Recurring financial charges | 65 | €56 | €1,591 | +€1,535 | +2764.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,838 | -€21,327 | -€15,488 | -265.3% |
| Income taxes | 67/77 | €300 | €264 | -€36 | -12.0% |
| Profit (loss) for the period | 9904 | -€6,138 | -€21,591 | -€15,452 | -251.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,138 | -€21,591 | -€15,452 | -251.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.